1. Assume the following information: Quoted Price Value of Canadian dollar in U.S. dollars S.95 Value of Singapor dollar in U.S. dollars $40 Value of Canadian dollar in Singapore dollars S$2.35 Given this information, is triangular arbitrage possible? If so, explain the steps that would reflect triangular arbitrage, and compute the profit from this strategy if you had $1000,000 to use What market forces would occur to eliminate any further possibilities of triangular arbitrage? 2. Assume the following information: Given this information, is covered interest arbitrage worthwhile for US investors? Show all steps of calculations. Explain your answer 1. Assume the following information: Quoted Price Value of Canadian dollar in U.S. dollars S.95 Value of Singapor dollar in U.S. dollars $40 Value of Canadian dollar in Singapore dollars S$2.35 Given this information, is triangular arbitrage possible? If so, explain the steps that would reflect triangular arbitrage, and compute the profit from this strategy if you had $1000,000 to use What market forces would occur to eliminate any further possibilities of triangular arbitrage? 2. Assume the following information: Given this information, is covered interest arbitrage worthwhile for US investors? Show all steps of calculations. Explain your